Ocumetics Technology Corp. announced a non-brokered private placement and will issue up to 3,333,333 units at an issue price of CAD 0.3 per common share for gross proceeds of up to CAD 999,999.9 on June 22, 2023. Each unit will consist of one common share in the share capital of the corporation and one-half of one common share purchase warrant.

Each whole warrant will entitle the holder to purchase one additional common share at an exercise price of CAD 0.6 for a period of two years from the date of issuance of the warrant. There will be no minimum subscription level for this offering. In the event that aggregate subscriptions for units under the offering exceed the maximum number of securities to be distributed, then units will be sold to qualifying subscribers on a pro rata basis based on the number of units subscribed for.

Insiders may participate in the offering. All securities issued in connection with the offering will be subject to a statutory hold period expiring four months and one day after closing of the offering. The offering may include finder’s fees commission’s payable in cash and/or securities and is subject to approval of the TSX Venture Exchange.